Bitcoins opens at $56K and goes up to around $58K and stable around $54K ~ $55K. The average transaction fee is $25.61 which is 2.99% decrease from 02-20-21.
The question is if Bitcoin will continue raising and be sustainable? My opinion is still yes which it will have more and more institutional buyers hype to buy. However, I also think the risk is high at this level. The market has reacted peak value at $58.6K but retreated to $55K which means the Bitcoin prepares for next milestone $60K soon if continue stabling around $58K.
Most Bullish News 📈
Bitcoin is not a threat to US dollar
It indicates that Bitcoin may continue raising more.
Most Bearish News 📉
Stimulus pushes Bitcoin price higher
It indicates that Bitcoin may face correction later with exceed supply.
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